Great Cash Flow, Popular, Limited-Service Hotel
Description
Very well located and well maintained, franchised, limited-service, four storey hotel has 96 guest rooms, a breakfast room, a fitness room, a meeting room, and other related hotel amenities.
It is located in a very busy oil and gas service centre that has seen some significant commitments recently. Penn West Energy Trust recently created a $1.25 billion joint venture with China Investment Corporation to increase development in this area. Shell Canada has also applied for regulatory approval for an 80,000 barrel per-day expansion of their existing operation (Carmon Creek).
The sale is structured as an Asset Sale. By completing the NDA and becoming a qualified buyer, we'll be happy to send you a full Offering Memorandum that will answer most, if not all, of your questions.
Financial Information
Annual Revenue and Net Operating Income:
2023
Revenue: $4,100,000
NOI: $2M+
2022
Revenue: $3,280,000
NOI: $1,400,000
2021
Revenue: :$2,770,000
NOI: :$1,265,000
2020
Revenue: $2,360,000
2019
Revenue: $2,630,000
2018
Revenue: $3,000,000
Real Estate
Located on 2.54 acres, the gross building area of the structure is 55,295 Sft and includes 13,994 Sft of main floor area.
Built in 2013
Services are town sewer and water.
For more information on this listing, please complete our Non-Disclosure Agreement
Complete NDA for Full Overview
Financials (USD)
Asking Price $9,760,270
Cash Flow $1,445,966
Sales $2,964,230
Converted From CAD
Exchange Rate $0.72
Deal Terms
Represented by broker? Yes
Buyer Fee? Available On Request
Seller Financing? Available On Request
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? Available On Request
Management will stay? Available On Request
Relocatable? Available On Request
Real Estate? Available On Request
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